Corporate Press Releases
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2/2/16 4:01 pm ESTFRAMINGHAM, Mass. & BOCA RATON, Fla.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ: SPLS) and Office Depot, Inc. (NASDAQ: ODP) today announced the completion of financing arrangements and the extension of their merger agreement from February 4, 2016 to May 16, 2016. The extension allows for the completion of ongoing federal district court litigation with the Federal Trade Commission. On February 4, 2015, Staples and Office Depot entered into a definitive merger agreement to combine as a singlemore...English
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1/25/16 4:01 pm ESTFRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) today announced leadership changes as it creates a more efficient, focused organization. “We are streamlining the organization and building a simplified structure that will speed decision-making and enable us to focus on driving profitable growth,” said Ron Sargent, Chairman and Chief Executive Officer. “These changes will help us compete in a rapidly evolving marketplace, either as a standalone company ormore...English
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1/20/16 8:00 am ESTFRAMINGHAM, Mass. & BOCA RATON, Fla.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ: SPLS) and Office Depot, Inc. (NASDAQ: ODP) today announced that the Board of Directors of both companies intend to waive the merger agreement termination date of February 4, 2016, and extend it to May 16, 2016. The extension allows for the completion of ongoing federal district court litigation with the Federal Trade Commission. The companies are working to extend financing terms for the transaction, and expect to executemore...English
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1/4/16 6:00 am EST
Small Businesses Want Help Getting Metrics on Track, Not Sure What to Focus on To Ensure Success, according to Staples Survey
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples (NASDAQ: SPLS) today announced the launch of its Quick Wins app to help small businesses succeed and grow in the New Year. The Quick Wins app offers business-specific ideas, metrics and community support in one easy-to-access place. Most small businesses (72 percent) want assistance getting their business metrics on track, yet two in five (41 percent) are not sure what business metrics they should focus on in order tomore...English -
12/21/15 8:46 am EST
Staples offered to divest $1.25 billion in commercial contracts; still willing to negotiate with FTC
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. today gave an update on the status of its discussions with the Federal Trade Commission and the acquisition of Office Depot. The company wants to ensure that stakeholders have accurate information regarding the transaction. Staples’ Board of Directors and management team have worked tirelessly to complete the transaction. Staples has proposed divesting up to $1.25 billion of commercial contracts in an effort to create anmore...English -
12/8/15 4:03 pm ESTFRAMINGHAM, Mass. & BOCA RATON, Fla.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) have issued the following open letter to customers after the Canadian Competition Bureau recently announced that it will seek to block Staples’ acquisition of Grand & Toy: To Our Valued Customers, The Canadian Competition Bureau recently announced that it will seek to block Staples’ acquisition of Grand & Toy. The Competition Bureau’s challenge,more...English
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12/7/15 4:02 pm ESTStaples and Office Depot Issue Open Letter to Customers Regarding FTC’s Decision to Challenge MergerFRAMINGHAM, Mass. & BOCA RATON, Fla.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) have issued the following open letter to customers after the U.S. Federal Trade Commission announced earlier today their decision to challenge the merger of the two companies: To Our Valued Customers, The Federal Trade Commission recently announced that it intends to challenge Staples’ acquisition of Office Depot. The government’s challenge, ifmore...English
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12/7/15 1:08 pm EST
Companies confident in legal position based on competitive dynamics and clear FTC precedent
FRAMINGHAM, Mass. & BOCA RATON, Fla.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) today announced that they intend to contest the U.S. Federal Trade Commission’s decision to challenge the merger of the two companies. The companies were informed of the FTC’s decision earlier today. The proposed acquisition would benefit customers, employees and shareholders, and the companies look forward to a full, impartial judicial review of the competitive effectsmore...English -
12/1/15 4:43 pm ESTFRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) announced today that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.12 per share. The dividend is payable on January 14, 2016, to shareholders of record on December 23, 2015. About Staples Staples makes it easy to make more happen with more products and more ways to shop. Through its world-class retail, online and delivery capabilitiesmore...English
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12/1/15 4:11 pm ESTFRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) announced today that the Company’s Board of Directors has amended and restated the Company’s by-laws to implement a proxy access procedure for stockholder director nominations. “Our decision to adopt proxy access reinforces the Board’s commitment to enhancing our governance standards to align with evolving best practices,” said Vijay Vishwanath, Chair of the Nominating and Corporate Governance Committeemore...English